May 23, 2012

Kentfield Pending & Contingent Sales – Real Estate Contingencies

Pending Sales Belvedere Bolinas Corte Madera Greenbrae
Kentfield Larkspur Mill Valley Novato Ross
San Anselmo San Rafael Sausalito Stinson Beach Tiburon

View Kentfield contingent and pending sales here. What are contingent or pending sales? They are homes that are under offer or contract of sale. The buyer has not released his contingencies yet, meaning that if he chooses to back out for any reason, he can. Usually without loss of any of his earnest money deposit.

These “contingencies” must be included in the contact to purchase to protect the buyer. One contingency is the ‘finance contingency’. Until you have 100% Underwriter Loan approval you should NOT remove this contingency. Another contingency is the ‘appraisal contingency’. This protects the buyer in case your Lender does not value the property as highly as you do. If the appraisal falls short of the purchase offer price you could ask the Seller to match the appraised value or back out of the deal with a full refund of your deposit.

The last major contingency is the ‘inspection contingency’. You should do all inspections that are important to yourself and the property you are buying. The main inspections are Pest Inspection and Home Inspection. Others that may be considered are Roof, Chimney, Pool, Foundation and even Soils Inspections. Marin Real-Estate recommends Engineered Soil Repairs for any suspect earth movement.

Contingencies protect you in case you cannot perform or choose not to perform and close escrow on a home. If you cancel a contract after you have waived ALL contingencies you could find yourself forfeiting your earnest money deposit, usually to a maximum of 3% in California. Once a Buyer has removed ALL contingencies, the home is ready to close escrow.

Showing properties 1 - 5 of 5. See more Kentfield Pending & Contingent Sales - Real Estate Contingencies.
(all data current as of 5/22/2012)

  1. 3 beds, 2 full, 1 part baths
    Home size: 2,870 sq ft
    Lot size: 10,019 sqft
    Year built: 1941
    Parking spots: 2
    Days on market: 5
    Walk Score®: 51
    Listing provided by Jason Lewis, Frank Howard Allen-San Rafael
  2. 3 beds, 2 full, 1 part baths
    Home size: 1,512 sq ft
    Lot size: 36,416 sqft
    Year built: 1951
    Days on market: 28
    Walk Score®: 20
    Listing provided by Patti Cohn, Frank Howard Allen - Greenbrae
  3. 5 beds, 5 full, 1 part baths
    Lot size: 1.38 ac
    Year built: 1939
    Parking spots: 2
    Days on market: 39
    Walk Score®: 38
    Listing provided by Gail Koren, Frank Howard Allen - Greenbrae
  4. 3 beds, 2 full baths
    Home size: 2,473 sq ft
    Lot size: 12,415 sqft
    Year built: 1968
    Parking spots: 2
    Days on market: 42
    Walk Score®: 40
    Listing provided by Ronald Parks, Decker Bullock Sothebys International Realty
  5. 3 beds, 2 full baths
    Home size: 1,592 sq ft
    Lot size: 4,835 sqft
    Year built: 1971
    Parking spots: 2
    Days on market: 118
    Walk Score®: 57
    Listing provided by Alva Falla, Frank Howard Allen-San Rafael

Listing information deemed reliable but not guaranteed. Read full disclaimer.

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Listing information deemed reliable but not guaranteed. Copyright © 2012 by Bay Area Real Estate Information Services, Inc.

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